HC Wainwright Boosts Ascendant Resources (TSE:ASND) Price Target to C$0.35

Ascendant Resources (TSE:ASND) had its target price boosted by investment analysts at HC Wainwright from C$0.30 to C$0.35 in a report released on Wednesday, BayStreet.CA reports. HC Wainwright’s price objective points to a potential upside of 483.33% from the stock’s previous close.

Ascendant Resources Price Performance

ASND stock traded down C$0.01 during midday trading on Wednesday, reaching C$0.06. 100,000 shares of the company’s stock traded hands, compared to its average volume of 81,474. The company has a quick ratio of 0.04, a current ratio of 0.11 and a debt-to-equity ratio of 301.82. The company has a market cap of C$12.40 million, a price-to-earnings ratio of 0.75 and a beta of 1.36. The company has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.08. Ascendant Resources has a 1-year low of C$0.05 and a 1-year high of C$0.25.

Ascendant Resources Company Profile

Ascendant Resources Inc, a mining company, explores for and develops mineral properties. The company explores for zinc, copper, lead, tin, silver, gold, and other metals. It holds 50% interest in the Lagoa Salgada volcanogenic massive sulphide project, which covers an area of 10,700 hectares located on the Iberian Pyrite Belt in Portugal.